The Polkadot price analysis shows that the DOT price action has broken above the $340.00 mark as the bulls show strong momentum. However, the price action still faces strong bearish resistance at this level. The broader cryptocurrency market observed a bullish market sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include BTC and ETH showing a 7.54 and a 5.97 percent incline, respectively.